While average wages are rising, living on €2,000 in a big city can be difficult for some people – the cost of housing, food, transport and leisure time makes it a counting game. However, the […]
While some experts predict an imminent crisis, others discuss a possible upturn in the Lithuanian economy. At least for now, it is felt most in the labour market, where there are many, promising job offers, […]
We escaped from the Soviet Union as beggars, and now we have overtaken Portugal, Greece, Spain, and parts of Central Europe and are on the same level as Japan, said Andrius Kubilius, MEP of the […]
The state of the Lithuanian economy shows that its businesses are able to react quickly to change. However, the performance of economic sectors has been quite mixed, and while some companies have enjoyed their achievements, […]
Representatives of factory workers are preparing a protest against the Government and other institutions that are not doing enough to save people’s jobs and incomes, Martynas Žilionis is writing at the tv3.lt news portal. At […]
Some people say they are no longer shopping in Lithuania because of price increases. They go to Poland every month or even more often. Banks estimate that Lithuanians spend millions of euros a year in […]
In Lithuania, the very high inflation in 2022 is due not only to the rapid increase in energy commodities but also to a significant increase in food and beverage prices. In Lithuania, food and beverage […]
Lithuania’s gross domestic product (GDP) has been declining for two consecutive quarters. When this happens, the country is considered to be in a recession or economic contraction. So far, relatively few people are experiencing this […]
Central banks are trying to correct their mistakes, and this time they have chosen a destructive path to curb inflation, said Nerijus Mačiulis, Chief Economist at Swedbank. However, not everyone will experience difficulties – some […]
There are about 73,000 Ukrainians in Lithuania. The Bank of Lithuania estimates that refugees from Ukraine could have created €400 million in added value in 2022. This is about 1% of the country’s gross domestic […]
Labour market experts urge employers to raise salaries and look for employees in Lithuanian regions rather than abroad. According to them, this is the only way to increase the country’s middle class, i.e. workers earning […]
As the Lithuanian economy moved away from a sustainable growth path last year and the population ran out of money, we could see stagnation or recession across Europe this year. According to experts, the time […]
Even official statistics show that food has recently become more expensive for Lithuanians than in other countries. Moreover, in Lithuania, food and beverages account for the largest share of household expenditure, Martynas Žilionis is writing […]
Loans are getting even more expensive – the European Central Bank has raised interest rates again, and that’s not the end of it. And it’s not just people’s pockets that are emptying. Businesses have spoken […]
In 2022, Lithuanian exports of goods did not do as well as usual because of the war in Ukraine. In 2002, the total value of Lithuanian export goods was rapidly increasing. If compared to the […]
In response to high inflation and a tight labour market, the German-Baltic Chamber of Commerce (AHK) conducted a snapshot survey in January 2023 with around 460 members to identify salary increase trends, according to a […]
Noviti Finance, an alternative non-banking financier, will now provide business loans not only to small and medium-sized enterprises in Lithuania and Latvia but also in Poland. Polish small businesses will have access to business loans […]
Western optimism that sanctions on Russian goods will soon bring Russia to its knees has turned into months of waiting, but the aggressor’s economy has not collapsed, lrytas.lt portal reported. Summer and autumn have passed, […]
Lithuania’s high-tech company group, Teltonika, has signed a technology cooperation agreement with Taiwan’s Industrial Technology Research Institute (ITRI). The agreement, which is worth €14 million, will see ITRI share technologies with Teltonika that are designed […]
Inflation will likely be below 10% next year, and prices will not fall – they will continue to rise at a slower pace. Energy resources and fuels will no longer be such a hot topic, […]
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